Google parent Alphabet posts 29% jump in profit on digital ad growth, AI offerings

Alphabet Inc. on Tuesday reported better-than-expected second-quarter revenue and profit, helped by rising digital advertising sales and solid demand for its cloud-computing services, but warned that capital spending will remain high for the year. Alphabet’s results highlighted strong demand for digital advertising, driven by events such as the Paris Olympics and elections in several countries, […]

The Administrative State’s Digital Currency Ruse

Estimated Reading Time: 7 minutes When I read about an executive order issued by the Biden administration last year regarding a plan for digital currency, I naturally suspected something quite dire. Generally speaking, whatever the modern, self-described “liberal democratic” administrative state claims to be doing to help supposedly disadvantaged people is actually intended primarily, if […]

Wells Fargo Turns to Digital, AI as Inflation Batters Deposits – PYMNTS.com

Banks today are caught between the ongoing digital shift and a challenging macro environment. Together release As Wells Fargo reported its second-quarter 2024 financial results on Friday (July 12), it became clear that juggling the two and keeping compliance and risk management top of mind is a top priority for the financial institution and its […]

CNN Says It Will Cut 100 More Jobs To Better Focus On Its Digital Service

The exterior of Cable News Network’s (CNN) world headquarters in Atlanta, Georgia, November 17, 2022. (Photo by Brandon Bell/Getty Images) James Myers of OANWednesday, July 10, 2024 1:42 PM CNN The company plans to cut an estimated 100 jobs as part of a new shift to restructure its operations and strengthen its digital media presence, […]